Shiba Inu (SHIB) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has lost 1.95% to $0.00003372070868.
InvestorsObserver gives Shiba Inu a moderate volatility rank of 28, placing it in the bottom 28% of cryptos on the market.
The Volatility Gauge takes into account meaning that one day won’t make or break its rank.
SHIB’s moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
Shiba Inu price is trading near resistance. With support at $0.0000324574720103951 and resistance around $0.0000341159792548238. This leaves Shiba Inu with potential selling pressures ahead as it may be getting over extended.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.